"Wallstreet" Reader

"Wallstreet" Reader


Buffett Beefs Up in Wells Fargo, Slims Down in BofA

Posted: 14 Feb 2011 07:24 PM PST

Warren Buffett's Berkshire Hathaway added to its holdings of Wells Fargo in the fourth quarter, while eliminating positions in several other stocks including Bank of America.

Deutsche Börse Gets Majority of Directors

Posted: 14 Feb 2011 07:12 PM PST

Deutsche Börse's takeover agreement with NYSE Euronext includes a 17-member board of directors, with a majority drawn from the German company.

'Love Letters' for a Takeover

Posted: 14 Feb 2011 07:02 PM PST

Despite a frenetic takeover battle immortalized in "Barbarians at the Gate," private-equity firms typically don't employ a hostile approach in their pursuit of companies.

China Prices Up 4.9%

Posted: 14 Feb 2011 08:12 PM PST

China's consumer prices rose 4.9% in January from a year earlier, prompting worries authorities are falling behind in the fight against inflation.

Funds Didn't Monitor Currency Charges

Posted: 14 Feb 2011 07:44 PM PST

Public pension funds ramped up currency trading in the past decade but failed for years to monitor prices banks charge in making these trades—and in one case, appeared to have ignored a consultant's warnings of being overcharged.

Huawei Set Back On Deal In U.S.

Posted: 14 Feb 2011 07:24 PM PST

A U.S. panel decided that Huawei should divest itself of a small technology company the Chinese telecom-equipment maker bought in May.

Wall Street Missed Out on Commodities Boom

Posted: 14 Feb 2011 07:47 PM PST

Gold, copper and cotton hit record highs in 2010, and investors piled into the market. But Wall Street's revenue from the market fell by an average of about 40%, according to bankers familiar with the results.

Marriott to Spin Off Timeshare Business

Posted: 14 Feb 2011 08:02 PM PST

Marriott is spinning off its timeshare business, a one-time booming profit center for hotel companies that petered out during the recession.

Apple Audit Details Changes at Foxconn

Posted: 14 Feb 2011 05:29 PM PST

Apple dispatched its chief operating officer to a Chinese manufacturing partner last year to assess and advise the company after a rash of highly publicized suicides.

Recalled Devices Got Less Stringent Review, Study Says

Posted: 14 Feb 2011 04:47 PM PST

Most medical devices recalled because of hazards were initially cleared through an abbreviated approval system that doesn't require testing on patients.

FedEx Cuts Outlook

Posted: 14 Feb 2011 05:19 PM PST

FedEx lowered its profit outlook for the current quarter, citing cost pressures from severe winter storms and rising fuel prices.

Grammys Draw Big Audience

Posted: 14 Feb 2011 11:58 AM PST

Sunday night's Grammy Awards scored its biggest audience in a decade, as about 26.7 million people watched the music-awards show.

Armstrong Buys AOL Stock

Posted: 14 Feb 2011 03:14 PM PST

AOL CEO Tim Armstrong spent $10 million on Friday to buy 477,000 shares of the Internet media company, a vote of confidence of the company's turnaround efforts.

GM Outlines Profit-Sharing

Posted: 14 Feb 2011 01:08 PM PST

General Motors said its 45,000 U.S. hourly workers will get at least $4,000 each under a profit-sharing agreement with the UAW.

Hedge Funds Oppose GM Plan

Posted: 14 Feb 2011 12:54 PM PST

Four hedge funds say General Motors' bankruptcy estate is refusing to make good on $1 billion in debt owed to the investment firms.

Czech Emissions Registry Set to Reopen

Posted: 14 Feb 2011 12:34 PM PST

The Czech registry of carbon emission allowances, hit hardest in January's €30 million ($40.4 million) pan-European string of cyberthefts, said it aims to reopen next week.

Thousands Join Protests in Tehran

Posted: 14 Feb 2011 01:36 PM PST

Thousands of Iranians gathered across Tehran, demonstrating in solidarity with Egyptian and Tunisian protesters who toppled their own regimes.

Obama Proposes $3.73 Trillion Budget

Posted: 14 Feb 2011 01:51 PM PST

Obama's $3.73 trillion budget proposal for fiscal-year 2012 marks the start of a long fight with congressional Republicans about the depth of spending cuts.

Court Orders Chevron to Pay $8.6 Billion

Posted: 14 Feb 2011 01:49 PM PST

Chevron was ordered by a court in Ecuador to pay more than $8.6 billion in a long environmental battle involving its Texaco unit.

Web-Video Viewing Jumps

Posted: 14 Feb 2011 02:38 PM PST

The time spent watching online video rose 45% in January from a year ago, although the number of viewers increased only 3.1%, and Netflix streaming service was a big gainer, Nielsen said.